Bridgemarq Real Estate Services, Inc. (TSE:BRE) has released an update.
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Bridgemarq Real Estate Services Inc. reported a decrease in annual revenue from $49.9 million to $48.5 million due to a softer Canadian real estate market, with net earnings falling to $4.0 million from $21.0 million the previous year. The company’s operating cash flow also saw a decline, amidst shareholder approval for acquisitions and new executive appointments. Despite the downtrend, Bridgemarq maintains a robust network of REALTORS and continues its commitment to shareholder dividends.
For further insights into TSE:BRE stock, check out TipRanks’ Stock Analysis page.
